Bill
HF 1141
Overview: HF 1141, a bill authorizing the issuance of housing infrastructure bonds and appropriating money, was introduced on February 19, 2025. The bill's authors have been expand
Overview: HF 1141, a bill authorizing the issuance of housing infrastructure bonds and appropriating money, was introduced on February 19, 2025. The bill's authors have been expanded to include Lee, K., and Mahamoud.
Purpose and Intent: The bill aims to provide funding for the development and improvement of housing infrastructure in the state. The goal is to address housing needs and support economic growth by investing in critical infrastructure projects.
Key Provisions:
- Authorizes the issuance of up to $500 million in housing infrastructure bonds
- Directs the proceeds from the bond sales to be used for a variety of housing-related infrastructure projects, such as:
- Constructing or renovating affordable housing units
- Developing infrastructure to support transit-oriented housing developments
- Upgrading water, sewer, and other utilities in underserved housing areas
- Establishes a grant program to assist local governments and nonprofit organizations in accessing the bond funding for eligible projects
Affected Parties and Impacts: The bill would primarily benefit low-income and underserved communities by increasing the availability of affordable housing and improving the supporting infrastructure. Local governments, housing developers, and nonprofit organizations involved in housing projects would also be positively impacted by the additional funding sources.
Procedural and Timeline Considerations: The bill has been introduced and the list of authors has been expanded. The next step would be for the bill to be referred to the appropriate committee(s) for further consideration and potential advancement through the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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